I watch soxs and yea, anytime that stock explodes higher it means one thing, time to short or go extremely long soxl. The run in semi has been mind boggling. I have seen these type of runs before and know what happens next. It's not pretty when these etfs lose 50 to 80% of there value but now with the exrreme run in semis a 20% drop would not surprise me at all..
Every time is check the futures they are at another historic high...every 10 to 20 mins they jolt higher without a single retracemenr. Just one buying above the next without any worry ... Quite and unbelievable site to witness. Be honest every tick higher tonight is a record. This is something the world has never witnessed. How long it can keep going is anyone's guess...
Still the most amazing run was the MSTU ETF (2X MSTR) that went up 13X in 3 months. I caught about 8X of it. I own ROBN that is up about 9X since the April 7th bottom. I used to own PLTU which was up like 10X in 3 months as well during the Trump post election euphoria. I love these 2X stock ETFs. I wish they made 3X ones but that might be dangerous if you get another Covid type collapse. I used to own the old JNUG ETF (3X GDXJ) during Covid and I believe intraday it's equity went to zero, fortunately it closed down like 90% and the next day Direxion re-characterized it to 2X. Ironically a few weeks later it was up like 5X after Powell started the money printer.
Honestly I cant believe how quickly and how many of these 1x 2x bear and bull individual etfs they have released. Every week there are new ones, and the amount of return they have shown is quite astonishing. ...however I would not want to be in any of these as markets take a huge downturn. Seen it so many times. I honestly can say, shorting these 2x etfs can pay handsomely if timed perfectly. Doesn't take much for a 2x etf up say 287% on the year to lose 30 to 50% of its gains in only a few short weeks!!!!
Less than an hour away.. Cpi is going to be breathtaking perfect. So perfect it will send stocks zooming to historic highs once again. Remember there isn't any risk left in this market. It's completely gone which means consistent new highs over and over and over again